When it comes to employees, you can’t expect the best of the best unless you provide the best of the best

Attracting awesome employees to your company is one of the most effective methods in bolstering your business’ standing in a competitive marketplace, yet countless budding entrepreneurs and established business owners have little to no idea where to begin when it comes to heightening their workforce.

While offering lucrative benefits to attract particularly amazing employees can be expensive, it’s ultimately worthwhile, as it will produce results in the form of stellar human capital that enables your company to please more customers while using fewer resources.

Here are 5 benefits to attract awesome employees to your business, and why it’s so important to reward good workers if you want them to stick around for long.

Preventative dental benefits will pay off – literally

Many businesses discovered long ago that offering excellent health insurance is essential if you want to avoid legal calamities and sick workforces alike, yet far too few entrepreneurs and business owners are willing to include dental coverage in their existing employee health insurance regimes.

In many instances, however, preventative dental benefits will pay off, in some cases by literally saving you more money than they cost.

Better oral care generally mitigates the number of employee claims that are made in the first place, for instance, so don’t dismiss the cost-benefit factor of good dental coverage when mulling your existing health insurance plan.

Keep your fleet in good shape

Attracting awesome employees is easier if you have excellent fleet insurance, but even those companies that don’t actually manage corporate fleets can still benefit from offering car insurance options to their workforce.

This is because your workers are humans who need to commute to and from your office every day, an unfortunate fact which is often complicated by inclement weather, poor driving conditions, and traffic. Your employees will be in much better shape to show up to work happily and healthily if you offer them ideal vehicle insurance rates that keep them driving safe cars.

This is why car title loans in Moreno Valley have been growing in popularity lately, but businesses everywhere can benefit by helping their employees afford safe affordable vehicles. Businesses with huge investments in their workforce should pay particular attention to what kinds of vehicles their top workers drive, as dangerous cars or motorcycles could deprive them of life or limb.

Ensure you have a flexible work schedule

A cost-free benefit that companies can consider is a flexible work schedule, which can go a long way in ensuring you get ideal candidates by giving them freedom.

Some old-school entrepreneurs believe that certain working hours are ideal for productivity, but it is a simple matter of fact that some workers perform better at different hours.

Also Read: 8 ways to kill your employees; productivity

It may thus be perfectly reasonable to permit some employees to work nights while allowing others to maintain traditional hours. Or employees might leave your workforce to join another, more accommodating one.

Give them a retirement promise

Businesses actively working towards recruiting younger workers should try to consider the needs of younger workers. This may seem logical, but many older professionals who haven’t had to fret about entry-level marketplace concerns can easily dismiss the needs of younger professionals they’re trying to recruit.

One concern many youthful professionals have these days is retirement, with many young citizens being deeply concerned about when they can retire.

Recent surveys indicate that broad swathes of youthful workers are determined to retire early – if you can expedite that desire by offering ideal rewards packages for long-term service, you can rope these excellent job candidates into your workforce while they’re still young, healthy, and eager to be productive.

Don’t ignore worker wellness

Finally, one of the cheapest yet most effective means of bolstering your workforce by attracting awesome employees is considering the wellness of those under your employ. Oftentimes, mental wellbeing and everyday wellness are shunned in the workplace as being topics unsuitable for professional discussion.

In reality, the wellness of your workers should be one of your primary concerns, as failing to make them comfortable guarantees your workplace will soon become dysfunctional.

Also Read: How workplace mentoring can help employees achieve their goals

Health and wellness programs are essential, so don’t be afraid to offer healthy foods, exercise programs, and discounted athletic programs to workers. A workforce that remains in shape and loves healthy food is coincidentally one that doesn’t have many health problems, either, so you’re really investing in your workforce’s long-term vibrancy by spending on short-term wellness needs.

Keep these 5 benefits in mind during your next recruitment drive, and you will be roping in some of the most awesome employees in no time.

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Image Credit:Nastuh Abootalebi

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Elite Trafford Global Equity Fund offers investors exposure to companies that have strong long-term fundamentals but are being undervalued by the market

Singapore-based alternative asset management firm Elite Partners Capital has launched a new equity fund, which aims to provide investors with the opportunity to invest in undervalued equities with strong long-term fundamentals.

Called Elite Trafford Global Equity Fund, it has already raised more than US$20 million, with a target of US$200 million, according to a press release.

The fund will primarily target high net-worth individuals qualifying as Accredited Investors under MAS guidelines.

Also Read: MatchMove acquires stake in P2P lender MoolahSense to strengthen its SME financing capabilities

The fund offers investors exposure to companies that have strong long-term fundamentals but are being undervalued by the market – depressed by short-term negative factors. The fund will hold concentrated positions in these undervalued companies with a two to five year investment horizon.

Due to the time required for its investment strategy to play out, the fund is suitable for investors who are seeking long term capital appreciation and understand the risks involved in investing in such an equity fund.

Lai Zehan, Portfolio Director of the Fund, said: “Rather than trading on market sentiments, the Elite Trafford Global Equity Fund seeks to invest in companies that have strong fundamentals which can carry them through unpredictable market conditions and a slowing global economy.”

Victor Song, CEO of Elite, said: “The Elite Trafford Global Equity Fund will provide investors exposure to discounted but high-value equities which will yield above-market returns.”

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In addition to Go-Viet, we also have updates from the Indian government, OVO, and Crowde

Go-Viet starts operation as Go-Jek’s first international operation

Go-Viet general manager to leave the company in October – Deal Street Asia

Go-Viet, the Vietnam-based affiliation of Indonesian ride-hailing giant gojek, today announced the departure of general manager Christy Le, Deal Street Asia reported.

The company stated that the general manager, who was appointed in April, will step down starting next months. It does not name any replacement.

A former Vietnam country director at Facebook and COO at wearables company Misfit, Le was appointed after the former management of Go-Viet, including its CEO and CTO, resigned over a reported operational dispute.

“We always work hard to find a mutually agreeable way forward, but were unable to do so in this instance, so we wish her the best in her future endeavours,” Go-Viet commented.

India cuts corporate tax rate for local companies – Bloomberg

India’s finance minister Nirmala Sitharaman announced that tax on all domestic companies will be lowered to 22 per cent from the current base rate of 30 per cent, Bloomberg reported.

The effective new rate will be 25.2 per cent including all additional levies and is applicable only for companies.

This cut will lead India to have one of the lowest corporate tax rates in Asia while providing a more than US$20 billion boost to revive economic growth from a six-year low.

New companies formed from October 1 will attract a base tax rate of 15 per cent and effective rate of 17.01 per cent.

Also Read: Go-Viet, Go-Jek’s international debut, officially launches in Vietnam

Indonesia’s Crowde raises US$1M in ongoing Pre-Series A funding round – e27

Mandiri Capital Indonesia (MCI), the corporate venture capital of Bank Mandiri Indonesia, today announced that it has led the US$1 million Pre-Series A funding for agriculture-focussed P2P lending startup Crowde.

Along with the funding, Mandiri also participates as an institutional lender for credit loans through Crowde for US$7.1 million.

Crowde will use the funding to build its farmer-supporting technology.

OVO appoints Karaniya Dharmasaputra as President Director – e27

PT Visionet Internasional (OVO), an Indonesia-based digital, rewards, and financial services platform, has appointed Karaniya Dharmasaputra as President Director to succeed Adrian Suherman, who led the company for three years.

Karaniya Dharmasaputra is co-founder and CEO of Bareksa, an integrated online mutual fund marketplace in Indonesia, and the Co-Founder and Chairman of Indonesia Fintech Association (Aftech).

Dharmasaputra’s previous stints include positions in local leading media companies such as KOMPAS TV, KapanLagi Youniverse, Liputan6.com, The Jakarta Post, VIVA, and Tempo.

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Image Credit: Go-Viet

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Regulations are leading innovation in Bahrain, says Bahrain investor an technologist

Singapore is the startup hub for not just the Southeast Asian region but all of Asia, undoubtedly. With its technological sophistication, standardised regulation; it has attracted startup founders and VC’s alike. But the tiny island nation has its physical limitations and ranks as the most expensive country in the world to live in, from time to time.

And a tiny island with an equally affluent standard of living is inching towards becoming a technology hub like its eastern cousin, Singapore. Bahrain in recent years has been building its own financial technology hub to cultivate a vibrant startup ecosystem. Be it the regulatory sandbox or Temasek-like Tamkeen, Bahrain is heavily inspired by Singapore in powering itself as a startup incubator.

CEO of Almoayed Technologies– a privately-owned investment and digital infrastructure provider, gives us a lowdown on potential business development opportunities Bahrain presents to Southeast Asians tech startups. A technologist at heart, Abdulla Almoayed established Almoayed Technologies in 2016 with a clear vision to drive and accelerate the MENA region’s digital transformation and become a world-leading technology investment company.

How is the start-up scene brewing up in Bahrain?

In Bahrain, enabling and supporting start-ups is a core focus and priority of the government. The government is creating a system that supports start-ups and innovation, through embracing innovative minds and solutions, in addition to programmes which help upskill local talent. The government has also streamlined processes to make it easier for start-ups anywhere in the nation to create value propositions that address Bahrain’s development needs. For us, because we may have started a little bit later, it has allowed us to learn from other markets and companies and implement ideas that worked while avoiding some of the mistakes that others made.

How is the government facilitating this boom?

The Bahrain government has taken on numerous initiatives including launching a platform called StartUp Bahrain. It is a single source for startups to receive all the information they need, including a consolidated calendar of events and meetups, both large scale (like Unbound) and smaller meet-and-greets and fireside chats. It also gives startups direct access to accelerators, incubators and VCs to learn about the opportunities there. Additionally, the government labour fund (Tamkeen) works closely to enhance the startup ecosystem, through training initiatives and certification programmes to upskill the local community.

Tamkeen also co-invests in startups through incubators like Brinc and Flat6Labs. There is also a growing cross-border collaboration between Bahrain and its neighbouring countries, with the government providing mentorship on how start-ups can navigate these opportunities, and export our technologies. For example, the Export Bahrain initiative by the Ministry of Industry, Commerce, and Tourism supports any entrepreneur and start-up by hand-holding its operations in order to enable export capabilities.

So once you are in Bahrain, not only do you get support from incubation all the way to acceleration to attain growth, but when you arrive at the growth stage and are looking for neighbouring countries to penetrate, the Ministry of Industry, Commerce, and Tourism practically rolls out the red carpet for you and hand-holds you throughout the entire process.

What lessons did they borrow from Singapore and Southeast Asia?

Bahrain has always looked at Singapore as a reference point when it comes to fintech adoption. Historically, Bahrain, just like Singapore, has always been bold, and a pioneer in the world of financial services. The Central Bank of Bahrain has a history of being one of the first in the region to initiate Islamic banking, and as we see it being replicated in well-articulated and well-studied initiatives, we are taking away learnings from these markets to ensure that the infrastructure in Bahrain remains robust.

A lot of these learnings were taken from Singapore as well. For example, the regulatory sandbox, the processes for which companies are screened, and the collaboration of the Global Financial Innovation Network (GFIN) initiative where regulators are speaking to each other to potentially get passporting capabilities for Singapore companies to come to Bahrain, and vice versa. So, we are very excited about what is going on in Singapore and are constantly watching and learning.

Also read: What Singapore entrepreneurs can learn from Thailand’s energised ecosystem

Can Singapore and Bahrain coexist?

Although Bahrain is smaller in scale compared to Singapore, Bahrain has the ability to pilot a project and scale it up to Singapore, owing to the close ties and collaboration across the governments. This creates a beautiful corridor of opportunity for collaboration between Bahrain and Singapore. Doing business in Singapore is a lot like doing business in Bahrain as a foreigner: 100 percent ownership rights across most business activities,  hand-holding opportunities where the government invites and supports you. Bahrain is in itself an incubator with the ability to test ideas while supporting a lower-cost lifestyle but lack of awareness is probably its major shortfall.

Can Bahrain supersede Singapore?

While we will never be able to match up in scale, I think Bahrain can match up to Singapore in terms of innovation pace, and adoption of regulations. Bahrain can match up is with the initiation of Team Bahrain– a public-private sector initiative that collaborates on innovative solutions to improve the investment landscape. With a simple phone call, people are able to reach key decision-makers to discuss issues and ideas, and that is something that really allows the Kingdom to accelerate regulations and embrace new technologies. In Bahrain, we are really being led by regulations at the moment, and regulations are leading innovation here.

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Image credit: Todd Gardner on Unsplash

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In yet another development, Malaysia’s SmartBite has raised US$100K via equity crowdfunding platform pitchIN

SingPost’s US e-commerce units seek bankruptcy protection [Reuters]

Singapore Post said its two struggling US e-commerce units, Jagged Peak and TradeGlobal, have filed voluntary petitions for Chapter 11 bankruptcy protection as a six-month process to find buyers for the businesses failed.

“Under the supervision of the bankruptcy court, the US subsidiaries intend to pursue the sale of all or substantially all of their assets,” SingPost said late on Wednesday.

The underperformance of the two firms has hit profits at SingPost, which counts Singapore Telecommunications and Alibaba Group Holdings as its biggest shareholders.

Square Yards raises US$20M from PropertyGuru founders [press release]

Square Yards, a tech-led real estate brokerage platform in India, today announced that it has raised US$20 million of equity capital from a clutch of investors, including Bennett Coleman & Co Limited (Times Group); Genkai Capital; Steve Melhuish and Jani Rautiainen, Founders of PropertyGuru; Koh Boon Hwee, former Chairman of Singtel and DBS. Some of the existing investors also participated in this round.

The company wants to aggressively ramp up its investments in strengthening its technology infrastructure, building a go-to consumer brand, as well as expand to newer geographies in emerging countries especially those that have a large primary residential market and fragmented distribution.

Founded in 2014 by Tanuj Shori and Kanika Gupta, Square Yards is a technology-led real estate brokerage and mortgage marketplace. It has 3,000 employees, and presence in 10 countries.

OVO announces Karaniya Dharmasaputra as President Director [press release]

OVO, Indonesia’s leading digital, rewards and financial services platform, has announced the appointment of Karaniya Dharmasaputra as President Director of PT Visionet Internasional (OVO), taking the helm from Adrian Suherman who led OVO for three years.

Dharmasaputra is Co-founder and CEO of Bareksa, the first integrated online mutual fund marketplace in Indonesia and also as Co-founder and Chairman of Indonesia Fintech Association (Aftech).

Before building Bareksa, Karaniya held positions in leading media companies, KOMPAS TV, KapanLagi Youniverse, Liputan6.com, The Jakarta Post, VIVA, and Tempo.

Dharmasaputra said: “This trust is a mandate for me to sharpen OVO’s perspective, becoming more than a fintech company into a strategic partner for the Indonesian government in accelerating financial inclusion and digital economic growth. As more and more people adopt digital payments, we should also put stronger focus on educating the community, enabling them to fully enjoy the benefits of digital economy.”

Malaysian AI-powered SmartBite raises US$100K funding [press release]

SmartBite, an AI-powered food delivery startup catering to working professionals in the Central Business District (CBD), has raised over RM418,000 (approximately US$100,000) via a successful equity crowdfunding campaign on the pitchIN platform.

This brings the total investment amount to over RM2.93 million (US$700,000). Previously, SmartBite has raised around US$300,000 from two series of funding and has received a strategic investment from Marna Capital, Rhombus Food Holdings, the founder of Hop Lun, Eric Ryd, Noodles Digital as well as angel investors from Asia and Europe.

The investment will be used to expand its corporate offerings in catering and employee benefit programmes. The SmartBite programme helps companies manage their F&B requirements for events, meetings and any corporate activity, by providing their platform and support to ensure a simpler and faster way to handle the entire process. Corporates can now directly engage SmartBite instead of having to manage multiple suppliers and vendors for their F&B needs.

Wow! Momo raises US$23M from Tiger Global [press release]

Wow! Momo Foods, which owns and operates two quick-service restaurant brands Wow! Momo and Wow! China, has raised Series B funding worth US$23 million led by Tiger Global.

Sagar Daryani, CEO and Co-founder of Wow! China/Wow! Momo, said: “This partnership is indeed a big step forward in our endeavour to become an Indian origin QSR chain with an aim to go global in times to come. We will smartly use the capital infused to further scale our operations backed with disruptive research and development to reach out to a larger consumer base within the country.”

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The Indonesia-based startup is a part of the Y Combinator’s winter 2019 batch

Shipper, an Indonesia-based e-commerce logistics startup, announces that it has received a US$5 million investment from Lightspeed Ventures, Floodgate Ventures, Insignia Ventures Partners, and Y Combinator, Techcrunch reported.

The company said it will use the funding for hiring and customer acquisition.

Indonesia is known to be one of the fastest-growing e-commerce markets in the world, but the logistics industry is still very fragmented, the article read.

Shipper was launched in 2017 by co-founders Phil Opamuratawongse and Budi Handoko. This year, it graduated from Y Combinator’s winter batch.

In Indonesia, e-commerce sellers often use multiple platforms, like the existing Tokopedia, Shopee, Bukalapak, and Lazada. Smaller vendors also sell through Facebook, Instagram, WhatsApp, and other social media.

In comparison, there are more than 2,500 logistics providers in Indonesia.

Also Read: Indonesian logistics startup Logisly gets seed funding from SeedPlus, aims to push for growth

“It is really hard for any provider to do nationwide themselves, so the big ones usually use local partners to fulfill locations where they don’t have the infrastructure,” said Opamuratawongse.

Shipper stated that its mission is to “create a platform that makes the process of fulfilling and tracking orders much more efficient”. The company offers a package pick-up service and fulfillment centers, as well as the technology stack to help logistics providers manage shipments.

Shipper started off by only focussing on the last-mile for smaller vendors, who keep inventory in their homes and fulfill about five to 10 orders per day, but with a choice of several logistics providers per their customer’s liking. This service meant they needed to visit multiple drop-off locations every morning.

Shipper then came up with the solution to pick-up service, performed by couriers (who are people like stay-at-home parents who want flexible, part-time work) that will collect packages from several vendors in the same neighborhood and distribute them to different logistics providers, serving as micro-fulfillment hubs.

Shipper signs up about 10 to 30 new couriers each week, keeping them at least 2.5 kilometers apart so they don’t compete against each other.

Also Read: Indonesian logistics startup Kargo raises US$7.6M in seed funding round

The company then began setting up fulfillment centers to keep up with vendors whose businesses were growing and were turning to third-party warehouse services.

Shipper’s technology can be used to predict the best shipping routes and consolidate packages headed in the same direction. It also provides a multi-carrier API that allows sellers to manage orders, print shipping labels, and get tracking information from multiple providers on their phones.

Shipper said its next plan will be focussing on expanding in Indonesia first, before tackling other Southeast Asian countries with e-commerce markets, including Thailand, Vietnam, and the Philippines.

For the past months, Indonesia has seen multiple fundraising aimed at its logistic tech sector. In March, Kargo raised US$7.6 million in funding from Sequoia Capital India, followed by Ritase, a trucking platform that received an undisclosed Series A funding.

The recent funding was led by Convergence Ventures and Genesia Ventures, who invest seed funding into Logisly, a startup that connects logistics service users (shippers) and logistics services providers (transporters) in Indonesia.

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Photo by Markus Spiske on Unsplash

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How you design your pitch deck gives potential investors tons of insights into how you plan on building your product

Creating a good pitch deck is hard, creating a great pitch deck is even harder. We look through applications for our startup services: a lot of them are great, some of them … not so much. Why?

One of the main reasons is that the pitch deck is incorrect or incomplete.

We’d like to share with you a few hints and guidelines on what we expect from a pitch deck. That way, you can up your chances of leaving a lasting impression.

By the end of your pitch deck, we should have the answers to the following questions:

• 1.   Why you?
• 2.   Why this?
• 3.   Why now?

That’s easier said than done, of course. We often see simple mistakes, such as missing information, overcrowded slides, a lack of research, confusing or contradictory statements, typos, etcetera.

Also Read: Pro pitch deck tips for beginners

Take extra care to avoid these blunders, please! This will help us and especially you!

How can you avoid this? Do your research and create a sound structure for your pitch deck. Take us on a journey. Show us all the aspects of your company that we want to and should know about.

A great place to start is to include the following dimensions and answer these sample questions:

• 1.   Problem → What problem are you addressing?
• 2.   Solution → What solution do you offer?
• 3.   Product → What is your product?
• 4.   Vision → What’s your vision today, in a year, in five years?
• 5.   Market size → How big is your (addressable) market?
• 6.   Competition → Who are your competitors (direct and indirect)?
• 7.   Business Model → How does your business work? How do you plan to make money?
• 8.    Status and roadmap → Where are you today? What key milestones do you want to achieve in the next 12 months?
• 9.    Team → Who are you? Why are you the right team to build this?

Last but not least, pitch deck design matters. We don’t expect you to have your corporate identity completely figured out – or even having a logo yet. Just prove to us that you have a good feeling for form and function. After all, an image is worth a thousand words. How you design your pitch deck gives us tons of insights into how you plan on building your product, even if you’re not a designer.

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A previous version of this article first appeared on nfinitiv.

Image Credit: Teemu Paananen on Unsplash

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Quona Capital continues its investments in fintech for inclusion in emerging markets

Fintech venture firm Quona Capital announced a US$10 million extension round to a Series A financing in Indonesian P2P lender Julo. The round was led by Accion, with participation from existing investors Skystar, East Ventures, Provident, Gobi Partners and Convergence. The new funding will provide growth capital to help Julo expand its business and build enhancements to its proprietary credit scoring technology.

Established in 2017 by co-founders Adrianus Hitijahubessy and Hans Sebastian, Julo offers consumer loans via digital channels using alternative data to power its proprietary credit scoring technology. Its core product is 3-6 month installment loans, priced at a variable rate of 3-5% per month, with a nominal origination fee charged to lenders.

Also read: Indonesia’s association for fintech service

Ganesh Rengaswamy, Quona Capital co-founder and partner, said: “A significant majority of Julo’s loans are used for productive purposes that can enhance the economic well-being of families and small businesses — driving financial inclusion in Indonesia, which is a cornerstone of Quona’s focus.”

Quona is focused on fintech for inclusion in emerging markets. Early this year, Quona made its first fintech investment in Indonesia in another P2P lender, KoinWorks. It now seeks to leverage a strategic relationship with Accion, a non-profit financial inclusion pioneer.

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Image credit: Sharon McCutcheon on Unsplash

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Acronis states that the funding will allow it to expand the engineering team in Singapore, Bulgaria, and Arizona

Cyber protection startup Acronis announced that it has received a US$147 million investment led by Goldman Sachs. The investment round, the company said, sets the valuation of the company to over one billion dollars.

Acronis said that the funding will be used to expand its engineering team in Singapore, Bulgaria, and Arizona; build additional data centers; and grow through acquisitions.

Additionally, Acronis plans to use the capital to accelerate the business growth in North America in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.

Acronis was founded in Singapore in 2003 and incorporated in Switzerland in 2008. Using AI technologies and blockchain-based data authentication, Acronis offers data protection in any environment, including physical, virtual, cloud, mobile workloads, and applications.

Also Read: Goldman Sachs leads US$52M funding round for now Singapore-based fintech JUMO

“The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources, and accelerate the growth,” said Serguei Beloussov, founder and CEO of Acronis.

Recently, Acronis announced the Acronis Cyber Platform that enables third-parties to customise, extend, and integrate Acronis’ cyber protection solutions to the needs of their customers and partners.

Acronis products include:

• Acronis Cyber Protection solutions for data safety, accessibility, privacy, authenticity, and security.
• Acronis Cyber Platform that enables third-party developers to customise, extend and integrate cyber protection into their solutions
• Acronis Cyber Infrastructure that provides the most cost-efficient and secure environment for running cyber protection solutions and data storage.
• Acronis Cyber Architecture that guarantees the privacy of data and gives customers the full control of data location.
• Acronis Cyber Cloud that enables service providers and enterprise IT to deliver cyber protection services to end customers.

Furthermore, Acronis also noted its plan to focus on the combination of traditional data protection and cybersecurity into one integrated solution addressing all Five Vectors of Cyber Protection– ensuring the safety, accessibility, privacy, authenticity, and security of data (SAPAS). The SAPAS covers services such as backup, security, disaster recovery, and enterprise file sync and share solutions.

The company has dual headquarters in Switzerland and Singapore and currently operates in 18 countries.

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Image Credit: Taskin Ashiq on Unsplash

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